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Detailed text transcripts for TV channel - FOXNEWS - 20150930:19:49:00

you may have gotten a temporary one. i got some, too, in the mail. this is what those chips look like. the new cards will be nearly identical to your magnetic strip cards. but these are hutch hard toer t hack and to duplicate. the deadline is tomorrow for all u.s. retailers to upgrade their systems to accept these new cards. so rather than swiping your card, you re now going to be dipping your card into these terminals. it s very similar in canada, europe, they ve had this for years. not everyone is ready yet. 60% of americans still have their old cards. and so far, there are more than 1.2 billion cards that need to be swapped out. and nearly one in four businesses haven t yet upgraded their credit card terminals. so big issue for that is money. as far as what that means for consumers, the deadline is tomorrow. they will not have a penalty if you don t have your card yet

Detailed text transcripts for TV channel - FOXNEWS - 20130510:19:16:00

absolutely. i think everybody would be surprised by it or it would have been anticipated. while it was carried off in a very concise and well-orchestrated plan, it reads like a detective novel or oceans 11 movie. the more alarming part of it is that it actually played out over several months of planning with the actions done in december and then again in february, and so it raises a new bar of concern with regard to what cybercriminals internationally can do. greg: i want to put on the screen how they did it in bullet point form. there s two red flags there they hacked into the credit card processing companies, two of them. eliminated withdrawal limits, created access codes. encoded stolen data on magnetic strip cards and then had the cash crews make 36,000 withdrawals, but the two things that jumped out at you are, hacking in to these processing card companies.

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